The funding through the USDA Rural Economic Development office (a $1 million loan plus $300,000 grant) will combine with $1.5 million from Superior Media for new equipment and $700,000 value from BBAI's land and existing 20,000-square-foot building to provide the needed $3.5 million to complete the project.

The non-profit BBAI has had an impact in Bladen County since 1990, providing revolving loan funding and commercial real estate expertise. BBAI and Bladen County have helped more than 45 businesses create approximately 1,000 jobs in the area and more than $20 million in a new tax base, pumping money into both local and state economies.

The funding Four County EMC acquired from the USDA will continue to benefit the community, beyond the business incubator expansion. The $300,000 zero-interest grant also serves as a revolving fund for Four County EMC. When repaid, the co-op can then loan funds back into the community for other projects.

Share this article

Leave a comment

You are commenting as guest.

Energy Efficiency Tip

During the holiday season, consider using Energy Star-qualified lights and strands to decorate. They use 70 percent less energy than regular lights and last up to 10 times as long. They also give off less heat, reducing the risk of fire.